CoinEx will accrue KIN tokens to users for trading and stacking CETs
On September 10, the CoinEx cryptocurrency exchange listed the KIN token. To celebrate the event, the exchange will raffle off 60 million KIN in a trading contest and give away 50 million KIN for steaking CoinEx Token (CET).
Users with trading volume above 100 USDT on the KIN/USDT market are automatically entered into the contest. CoinEx takes into account trading volume from September 10 to September 23.
The winners of the contest will be 100 users. The prize for the first place is 7 million KIN ($700 at the time of publication). The minimum winning amount is 300,000 KIN ($30). The organizers will accrue rewards until September 26, 2021.
In addition, CoinEx will give away 50 million KINs to users who send between 1,000 and 100,000 CETs to the stack by September 16.
The exchange distributes tokens every hour. The size of the reward depends on the amount of CET in the staking.
Kin is a project of the Canadian company Kik, which develops a messenger of the same name. In 2017, the company issued a token on the Ethereum blockchain and raised $98 million in an ICO. In December 2020, Kin switched to Solana blockchain.
As a reminder, last month CoinEx announced it was recruiting market makers for spot and futures markets, and added commission discounts and cashback to its Market Maker program.